Thrivent Financial For Lutherans Acquires 910 Shares of Territorial Bancorp Inc. (TBNK)
Thrivent Financial For Lutherans grew its holdings in shares of Territorial Bancorp Inc. (NASDAQ:TBNK) by 2.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,430 shares of the financial services provider’s stock after purchasing an additional 910 shares during the quarter. Thrivent Financial For Lutherans owned about 0.49% of Territorial Bancorp worth $1,417,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of Territorial Bancorp in the 1st quarter valued at $130,000. Sei Investments Co. increased its position in Territorial Bancorp by 4.6% during the first quarter. Sei Investments Co. now owns 4,822 shares of the financial services provider’s stock worth $150,000 after buying an additional 213 shares during the last quarter. Strs Ohio increased its position in Territorial Bancorp by 6.5% during the second quarter. Strs Ohio now owns 8,200 shares of the financial services provider’s stock worth $255,000 after buying an additional 500 shares during the last quarter. Oxford Asset Management acquired a new position in Territorial Bancorp during the first quarter worth $272,000. Finally, Rhumbline Advisers increased its position in Territorial Bancorp by 1.6% during the second quarter. Rhumbline Advisers now owns 10,199 shares of the financial services provider’s stock worth $318,000 after buying an additional 165 shares during the last quarter. Institutional investors and hedge funds own 45.97% of the company’s stock.
Several equities analysts have weighed in on the company. Zacks Investment Research lowered Territorial Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. ValuEngine cut Territorial Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. BidaskClub downgraded Territorial Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Territorial Bancorp in a research note on Thursday, August 10th. Finally, UBS AG lowered Territorial Bancorp to an “underperform” rating in a report on Thursday, August 10th. Three analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The company presently has a consensus rating of “Sell” and an average target price of $36.00.
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In related news, General Counsel Vernon Hirata sold 1,900 shares of the stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $30.52, for a total transaction of $57,988.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Allan S. Kitagawa sold 4,813 shares of the stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $30.00, for a total value of $144,390.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,803 shares of company stock worth $355,403. 9.80% of the stock is owned by company insiders.
Shares of Territorial Bancorp Inc. (TBNK) opened at 31.89 on Wednesday. The company has a market cap of $295.52 million, a PE ratio of 17.43 and a beta of 0.29. The firm’s 50-day moving average price is $30.03 and its 200-day moving average price is $30.65. Territorial Bancorp Inc. has a 12 month low of $27.73 and a 12 month high of $34.00.
Territorial Bancorp Company Profile
Territorial Bancorp Inc is the holding company for Territorial Savings Bank (the Bank). The Bank provides financial services to individuals, families and businesses through its banking offices located throughout the State of Hawaii. Its business consists primarily of accepting deposits from the general public and investing those deposits together with funds generated from operations and borrowings in one- to four-family residential mortgage loans and investment securities.
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